Real Estate Glossary Terms

• Fees

  Charges billed for services rendered. They may be on a flat basis or on an hourly rate. ...

• Malicious Mischief

  Intentional damage or destruction of another person or business's property. Insurance can be purchased by the owner of the property to protect against this exposure. ...

• National Council On Compensation Insurance

  Membership organization of insurance companies that write workers compensation insurance. The organization collects statistics on the frequency and severity of job-related injuries to establish a rate structure for member companies, files rate plans with insurance commissioners offices for member co ...

• Nondisabling Injury

  Injury that does not qualify either for partial or total disability income under a disability income or Workers Compensation policy. ...

• Watercraft Endorsement

  Addition to the homeowners INSURANCE POLICY AND COMMERCIAL PACKAGE POLICY that provides liability and medical coverage for damages resulting from the operation of motor boats too large to qualify for insurance under homeowners and commercial package policies. ...